TPICQ · Tpi Composites, Inc
$0.01
At close · Jul 6
Going-concern doubt
— flagged Mar 25, 2026
Substantial doubt about the company's ability to continue as a going concern.
“The Chapter 11 Cases raise substantial doubt regarding our ability to continue as a going concern.”View the 10-K filed Mar 25, 2026
Market Cap
$316,977
Shares
48.77M
Income-statement, balance-sheet and cash-flow figures extracted from the company's SEC filings — 10-K annual and 10-Q quarterly reports — and standardised for comparison across periods.
Revenue
$918.46M
+3.2%
FY2025
Net Income
-$340.8M
-41.6%
FY2025
Gross Margin
-12.04%
-3.9pp
FY2025
Operating Margin
-19.53%
-4.4pp
FY2025
Diluted EPS
-$7.02
-38.5%
FY2025
Operating Cash Flow
-$126.41M
-1111.5%
FY2025
Chart any reported metric, KPI or segment over time — the full statement history lives here
Search above to add metrics — fundamentals, product and segment revenue, company KPIs, valuation.
| Line Item | FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | FY2020 | FY2019 | FY2018 | FY2017 | FY2016 | FY2015 | FY2014 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| $918.46MG | $889.99M | $863.92M | $918.46M | $1.47B | $1.14B | $1.44B | $1.03B | $955.2M | $769.02M | $585.85M | $320.75M | |
| $1.03B | $962.18M | $974.66M | $1.42B | $1.51B | $1.16B | $1.36B | $956.78M | $844.73M | $682.15M | $544.11M | $306.1M | |
| -$110.6M | -$72.19M | -$110.74M | $55.54M | -$37.6M | -$16.23M | $77.85M | $72.84M | $110.47M | $86.87M | $41.75M | $14.65M | |
| -12.04% | -8.11% | -12.82% | 6.05% | -2.55% | -1.42% | 5.42% | 7.07% | 11.57% | 11.3% | 7.13% | 4.57% | |
| $28.43M | $46.17M | $47M | $32.35M | $29.25M | $33.5M | $39.92M | $43.54M | $40.37M | $33.89M | $14.13M | $9.18M | |
| $400K | $900K | $1.8M | $1.3M | $3.1M | $500K | $1.9M | $900K | $900K | $400K | $800K | $800K | |
| $26.47M | $30.48M | $38.87M | $45.48M | $52.59M | $49.67M | $38.58M | $26.43M | $21.7M | $13.19M | $11.42M | $7.44M | |
| $25.59M | $1.32M | $40K | -$30K | $12.54M | $205K | $3.93M | — | — | — | — | — | |
| -$179.37M | -$134.77M | -$173.16M | $13.41M | -$91.83M | -$55.67M | $15.89M | $24.72M | $70.1M | $52.97M | $27.62M | $5.48M | |
| -19.53% | -15.14% | -20.04% | 1.46% | -6.24% | -4.87% | 1.11% | 2.4% | 7.34% | 6.89% | 4.71% | 1.71% | |
| -$152.9M | -$104.29M | -$134.29M | $58.89M | -$39.23M | -$6.01M | $54.47M | $51.15M | $91.8M | $66.16M | $39.04M | $12.92M | |
| $88.99M | $84.72M | $12.11M | $5.03M | $13.64M | $10.38M | $8.02M | $10.42M | $12.38M | $17.61M | $14.57M | $7.24M | |
| — | — | — | — | — | $102K | $157K | $181K | $95K | $344K | $161K | $186K | |
| -$91.66M | -$80.28M | -$5.06M | $1.61M | -$34.24M | -$22.31M | -$8.48M | -$22.47M | -$15.57M | -$22.28M | -$15.96M | -$11.2M | |
| -$320.62M | -$215.04M | -$178.22M | $15.02M | -$126.07M | -$77.98M | $7.41M | $2.25M | $54.53M | $30.7M | $11.66M | -$5.72M | |
| $3.73M | $7.71M | $11.11M | $32.14M | $29.83M | $7.41M | $23.12M | -$3.03M | $15.8M | $3.65M | $3.98M | $925K | |
| -$340.8M | -$240.71M | -$201.78M | -$65.31M | -$159.55M | -$19.03M | -$15.71M | $5.28M | $38.73M | $27.04M | $7.68M | -$6.65M | |
| -37.11% | -27.05% | -23.36% | -7.11% | -10.84% | -1.66% | -1.09% | 0.51% | 4.06% | 3.52% | 1.31% | -2.07% | |
| -$340.8M | -$240.71M | -$177.61M | -$124.21M | -$165.59M | -$19.03M | -$15.71M | $5.28M | $38.73M | $21.57M | -$1.74M | -$20.58M | |
| — | — | — | — | -$186.6M | -$28.41M | -$24.93M | — | — | — | — | — | |
| USD/shares | -$7.02 | -$5.07 | -$4.16 | -$2.96 | -$4.43 | -$0.54 | -$0.45 | $0.15 | $1.14 | — | — | — |
| USD/shares | -$7.02 | -$5.07 | -$4.16 | -$2.96 | -$4.43 | -$0.54 | -$0.45 | $0.15 | $1.11 | — | — | — |
| shares | 48.54M | 47.46M | 42.67M | 41.96M | 37.42M | 35.53M | 35.06M | 34.31M | 33.84M | 17.53M | 4.24M | 4.24M |
| shares | 48.54M | 47.46M | 42.67M | 41.96M | 37.42M | 35.53M | 35.06M | 36M | 34.86M | 17.62M | 4.24M | 4.24M |
Italic rows are computed from reported lines — open a row's info icon for its formula. Values reflect the latest filing (restatements included); per-share figures on today's split basis. Click a value for its source filing.
3Y/5Y/10Y columns are trailing CAGR from the newest fiscal year; blank where an endpoint is missing or negative. (G): the company's own guidance — a (G) column is a guided period not yet reported; a G marker shows how the reported figure landed against the guided range. Non-GAAP-basis guidance (*) is shown as stated and never judged against GAAP actuals.
Capital Returned to Shareholders
Cash spent on share repurchases and dividends per fiscal year, as reported on the cash-flow statement. Across FY2017–FY2025: $14.88M in buybacks.
Price & Valuation
Multiples computed on the strict TTM/EV methodology — today's snapshot against peers, and each ratio recomputed as of past filing dates.
Valuation
EV/Revenue
0.48×
Peer median 50.09×
EV/EBIT
—
P/E (TTM)
—
Peer medians compare against the 9 similar-size Specialty Industrial Machinery companies (of 73 listed).
Revenue Breakdown
Annual revenue as the company disaggregates it in its own XBRL filings. Years a component wasn't reported show a dash.
Share mode is each component's slice of the reported components that year — issuers rarely tag every revenue dollar, so slices need not sum to total revenue.
By Segment (USD)
| Component | FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | FY2020 | FY2019 | FY2018 |
|---|---|---|---|---|---|---|---|---|
| Mexico Segment | $716,818,000 | $696,762,000 | $589,539,000 | — | — | — | — | — |
| India Segment | $129,173,000 | $166,765,000 | $241,235,000 | — | — | — | — | — |
| United States Segment | $65,775,000 | $19,723,000 | $28,151,000 | — | — | — | — | — |
| Other Segment | $6,691,000 | $6,741,000 | $4,994,000 | — | — | — | — | — |
| Asia Segment | — | — | — | — | — | — | $393,809,000 | $306,255,000 |
| Europe Middle East Africa and India Segment | — | — | — | — | — | — | — | $290,897,000 |
| Europe, Middle East and Africa Segment | — | — | — | $568,992,000 | $482,220,000 | $373,545,000 | $437,081,000 | $290,897,000 |
| India Segment | — | — | — | $217,964,000 | $200,229,000 | $91,729,000 | $687,000 | — |
| Mexico Segment | — | — | — | $646,615,000 | $597,598,000 | $493,492,000 | $435,606,000 | $268,756,000 |
| United States Segment | — | — | — | $45,168,000 | $192,339,000 | $184,288,000 | $169,317,000 | $163,716,000 |
By Geography (USD)
| Component | FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | FY2020 | FY2019 | FY2018 |
|---|---|---|---|---|---|---|---|---|
| Mexico | $716,818,000 | $696,762,000 | $589,539,000 | $646,615,000 | $597,598,000 | $493,492,000 | $435,606,000 | $268,756,000 |
| India | $129,173,000 | $166,765,000 | $241,235,000 | $217,964,000 | $200,229,000 | $91,729,000 | $687,000 | — |
| United States | $65,775,000 | $19,723,000 | $28,151,000 | $45,168,000 | $192,339,000 | $184,288,000 | $169,317,000 | $163,716,000 |
| Other | $6,691,000 | $6,741,000 | $4,994,000 | — | — | — | — | — |
| China | — | — | — | — | — | — | $393,809,000 | $306,255,000 |
| Spain | — | — | — | $2,837,000 | $1,228,000 | — | — | — |
| Türkiye | — | — | — | $566,155,000 | $480,992,000 | $373,545,000 | $437,081,000 | $290,897,000 |
| EMEA | — | — | — | $568,992,000 | — | — | — | — |
By Product & Service (USD)
| Component | FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | FY2020 | FY2019 | FY2018 |
|---|---|---|---|---|---|---|---|---|
| Wind Blades | $869,921,000 | $860,222,000 | $828,689,000 | — | — | — | — | — |
| Field Services Inspection and Repair Services | $48,536,000 | $29,769,000 | $35,230,000 | — | — | — | — | — |
| Field Services Inspection and Repair Services | — | — | — | $54,915,000 | $32,725,000 | $14,304,000 | $18,578,000 | — |
| Other | — | — | — | $19,688,000 | — | $8,650,000 | $11,655,000 | $18,250,000 |
| Precision Molding and Assembly Systems | — | — | — | $2,938,000 | — | $14,939,000 | $48,680,000 | $48,853,000 |
| Transportation | — | — | — | $44,002,000 | $37,312,000 | $36,196,000 | $28,870,000 | $29,254,000 |
| Wind Blades | — | — | — | $1,423,824,000 | $1,402,349,000 | $1,068,965,000 | $1,328,717,000 | $933,267,000 |
Segment Operating Income
Annual operating income by business segment, as tagged in the company's own XBRL filings. Segments need not sum to the consolidated figure — corporate costs and eliminations are typically unallocated.
By Segment (USD)
| Component | FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | FY2020 | FY2019 | FY2018 |
|---|---|---|---|---|---|---|---|---|
| Other Segment | $218,000 | -$913,000 | -$1,176,000 | — | — | — | — | — |
| India Segment | -$114,000 | $5,920,000 | $24,928,000 | — | — | — | — | — |
| United States Segment | -$64,137,000 | -$43,561,000 | -$36,100,000 | — | — | — | — | — |
| Mexico Segment | -$115,339,000 | -$96,214,000 | -$160,807,000 | — | — | — | — | — |
| Asia Segment | — | — | — | — | — | — | $24,132,000 | $28,147,000 |
| Europe, Middle East and Africa Segment | — | — | — | $69,565,000 | $39,609,000 | $23,331,000 | $70,449,000 | $51,774,000 |
| India Segment | — | — | — | $17,481,000 | -$845,000 | -$16,832,000 | -$3,948,000 | — |
| Mexico Segment | — | — | — | -$47,889,000 | -$84,691,000 | -$11,958,000 | $3,533,000 | $12,154,000 |
| United States Segment | — | — | — | -$25,752,000 | -$45,899,000 | -$50,214,000 | -$78,278,000 | -$67,357,000 |
Operating Margin by Segment (%)
| Component | FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | FY2020 | FY2019 | FY2018 |
|---|---|---|---|---|---|---|---|---|
| Mexico Segment | -16.1% | -13.8% | -27.3% | — | — | — | — | — |
| India Segment | -0.1% | 3.5% | 10.3% | — | — | — | — | — |
| United States Segment | -97.5% | -220.9% | -128.2% | — | — | — | — | — |
| Other Segment | 3.3% | -13.5% | -23.5% | — | — | — | — | — |
| Asia Segment | — | — | — | — | — | — | 6.1% | 9.2% |
| Europe, Middle East and Africa Segment | — | — | — | 12.2% | 8.2% | 6.2% | 16.1% | 17.8% |
| India Segment | — | — | — | 8% | -0.4% | -18.3% | -574.7% | — |
| Mexico Segment | — | — | — | -7.4% | -14.2% | -2.4% | 0.8% | 4.5% |
| United States Segment | — | — | — | -57% | -23.9% | -27.2% | -46.2% | -41.1% |